Woodward, Inc. $WWD Stake Boosted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 11.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 18,022 shares of the technology company’s stock after purchasing an additional 1,828 shares during the period. Fulcrum Asset Management LLP’s holdings in Woodward were worth $5,943,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Woodward in the second quarter valued at approximately $2,984,684,000. Sei Investments Co. boosted its stake in shares of Woodward by 12.5% during the 1st quarter. Sei Investments Co. now owns 904,404 shares of the technology company’s stock worth $323,705,000 after acquiring an additional 100,465 shares during the period. Bank of America Corp DE acquired a new position in shares of Woodward during the 2nd quarter worth approximately $303,698,000. Findlay Park Partners LLP acquired a new position in shares of Woodward during the 2nd quarter worth approximately $231,958,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Woodward during the 2nd quarter worth approximately $184,322,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WWD has been the topic of a number of research analyst reports. Guggenheim began coverage on Woodward in a research note on Monday, September 14th. They issued a “buy” rating and a $404.00 price target on the stock. Wells Fargo & Company cut their price target on Woodward from $440.00 to $430.00 and set an “overweight” rating for the company in a report on Wednesday, September 30th. Melius Research cut shares of Woodward from a “buy” rating to a “hold” rating and set a $388.00 price objective for the company. in a research report on Monday, September 14th. Royal Bank Of Canada decreased their price objective on shares of Woodward from $430.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $413.82.

Woodward Stock Performance

WWD stock opened at $317.31 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.65. The company’s 50-day simple moving average is $326.13 and its 200 day simple moving average is $363.87. Woodward, Inc. has a 52 week low of $253.52 and a 52 week high of $450.92. The company has a market capitalization of $18.74 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a $0.32 dividend. The ex-dividend date is Thursday, November 19th. This represents a $1.28 annualized dividend and a yield of 0.4%. Woodward’s payout ratio is 14.24%.

Woodward Company Profile

Woodward, Inc designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage the operation of aircraft engines, turbines, and other equipment used in power generation and industrial applications.

In aerospace, Woodward supplies systems and components for commercial and military aircraft, helicopters, business aviation, and space applications. These include engine controls, fuel systems, actuation equipment, and components that regulate airflow and combustion.

Its industrial products support power generation and customers in sectors such as oil and gas, transportation, and process industries.